Third Avenue Management LLC Sells 23,300 Shares of VCA Inc (WOOF)
Third Avenue Management LLC decreased its holdings in VCA Inc (NASDAQ:WOOF) by 29.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,158 shares of the company’s stock after selling 23,300 shares during the period. Third Avenue Management LLC owned about 0.07% of VCA worth $5,277,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Huber Capital Management LLC raised its stake in VCA by 152.6% in the second quarter. Huber Capital Management LLC now owns 317,481 shares of the company’s stock worth $29,307,000 after buying an additional 191,812 shares in the last quarter. Glazer Capital LLC raised its stake in VCA by 185.4% in the second quarter. Glazer Capital LLC now owns 927,693 shares of the company’s stock worth $85,635,000 after buying an additional 602,693 shares in the last quarter. Renaissance Technologies LLC raised its stake in VCA by 155.2% in the second quarter. Renaissance Technologies LLC now owns 617,700 shares of the company’s stock worth $57,020,000 after buying an additional 375,700 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in VCA by 2.7% in the second quarter. Parametric Portfolio Associates LLC now owns 146,565 shares of the company’s stock worth $13,529,000 after buying an additional 3,910 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in VCA in the second quarter worth approximately $238,000. 76.52% of the stock is owned by institutional investors.
A number of equities analysts recently commented on WOOF shares. BidaskClub downgraded shares of VCA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of VCA from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $93.00 price objective on shares of VCA in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $92.17.
Shares of VCA Inc (NASDAQ:WOOF) remained flat at $92.98 during trading on Friday. The company’s stock had a trading volume of 21,697 shares. VCA Inc has a 12-month low of $59.51 and a 12-month high of $93.00. The company has a 50 day moving average price of $92.74 and a 200 day moving average price of $92.16. The company has a market cap of $7.56 billion, a PE ratio of 34.94 and a beta of 1.01.
VCA (NASDAQ:WOOF) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.02. VCA had a net margin of 9.48% and a return on equity of 17.32%. The company had revenue of $743.13 million during the quarter, compared to analysts’ expectations of $735.75 million. During the same quarter last year, the company posted $0.87 EPS. Equities research analysts forecast that VCA Inc will post $3.23 earnings per share for the current year.
VCA Inc is an animal healthcare company operating in the United States and Canada. The Company operates through five segments: animal hospitals (Animal Hospital), veterinary diagnostic laboratories (Laboratory), veterinary medical technology (Medical Technology), Vetstreet and Camp Bow Wow Franchising, Inc (Camp Bow Wow).
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